GREA does not develop speculatively but rather aligns with specific tenant requirements and therefore does not hold land bank or other speculative investments. Projects typically involve securing land in conjunction with a tenant’s lease commitments to such location, prior to acquisition and development. GREA materially transfers construction risk to professional construction partners through fixed price or turnkey contracts and therefore largely retains timing and final delivery risks.
GREA is the real estate development subsidiary of Grit, specialising in risk mitigated turnkey construction of real estate solutions for multinational companies wishing to expand their operations in Africa. The company has an excellent track record of delivery with deep experience and understanding of real estate development across Africa.
Africa Property Development Managers (APDM), the management company for GREA, has become particularly astute at putting the appropriate corporate structures in place. Accordingly, GREA’s business model brings a much greater level of sophistication to property markets in many African countries.